Christine Slaughter
Broker Associate
Realty Executives Gulf Coast
Baldwin County Real Estate Market Update
Real estate activity across Baldwin County and specifically along Alabama's Gulf Coast continues to show some very positive signs. The latest statistics from the Alabama Center for Real Estate at the University of Alabama show that condo sales in April surpassed forecasted sales by nearly 8%. In total, 162 condos across the county were sold, or 32.8% more than in March. Overall, condo sales year-to-date thru April have outpaced the Center's forecast for the same period.
At the same time, the medium sales price for April ($274,500) while down by 1.5% versus March is up 2.2% versus April 2015. In addition, inventory contracted in April. Baldwin County currently has 5.7 months of supply of condos available for sale, down from 7.5 months in March 2016 and down from 6.4 months in April 2015.
Also in April, 282 single family homes sold, close to the same number that sold in April 2015. The medium sales price though climbed to $200,500 versus $192,220 in 2015. To boot, the number of single family homes for sale in Baldwin County in April 2016 decreased by 203 units, when compared to the same period last year. Overall, these stats reveal a healthy housing market! Click here to access the Center's entire report.
If you are a potential condo buyer or seller contemplating whether or not to jump into the market, the charts below may be of interest to you. They present sales statistics of Gulf front condos in April and May of this year (by price range and number of bedrooms). In all, buyers purchased 165 condos.
If you are interested in additional statistics (for a particular condo development, for example), don't hesitate to call me. I can also provide information on single family homes in the area. I would be happy to put my expertise to work for you!
GULF FRONT CONDOS SALES STATISTICS:
April 1 - May 31, 2016:
| LIST PRICE | <$150K | $151-$200K | $201-$250K | $251-$300K | $301-$400K | $401K+ |
ONE (1) BEDROOM |
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| # of Units Sold | 13 | 12 | 7 | 13 | 2 | |
| Average Sales Price | $98,000 | $174,000 | $217,000 | $275,000 | $325,000 | |
| Sale Price as % of List Price | 95.5% | 98% | 95% | 96.5% | 96.5% | |
| Average Price per Square Foot | $229 | $292 | $320 | $360 | $409 | |
| Average Days on Market | 88 | 70 | 120 | 115 | 129 | |
TWO (2) BEDROOM |
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| # of Units Sold | 4 | 9 | 7 | 12 | 35 | 4 |
| Average Sales Price | $142,500 | $170,000 | $277,000 | $272,000 | $343,000 | $430,000 |
| Sale Price as % of List Price | 98% | 96% | 97% | 97% | 97% | 97% |
| Average Price per Square Foot | $245 | $216 | $248 | $288.50 | $324 | $341 |
| Average Days on Market | 192 | 177 | 113 | 76 | 96 | 85 |
| LIST PRICE | $300-400K | $401-$450K | $451-$500K | $501-$600K | $601-$700K | $701-$800+ | $801+ |
THREE (3) BEDROOM |
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| # of Units Sold | 6 | 10 | 10 | 9 | 3 | 3 | |
| Average Sales Price | $354,000 | $418,000 | $455,500 | $510,000 | $671,500 | $962,500 | |
| Sale Price as % of List Price | 97% | 96% | 97% | 95% | 98% | 96% | |
| Average Price per Square Foot | $294.50 | $312 | $315.50 | $308.50 | $298 | $418 | |
| Average Days on Market | 100 | 91 | 81 | 166 | 138 | 78 | |
| LIST PRICE | $450-600K | $601-$750K | $751-$900K | $901K-$1.2M | $1.2M + |
FOUR (4) BEDROOM |
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| # of Units Sold | 2 | 3 | 1 | ||
| Average Sales Price | $450,000 | $620,000 | $2.0M | ||
| Sale Price as % of List Price | 97% | 93% | 92% | ||
| Average Price per Square Foot | $187.50 | $295 | $570 | ||
| Average Days on Market | 363 | 464 | 590 | ||
To see all currently-available condos, just click on the links below:
Orange Beach Condos and Gulf Shores Condos
Just give me a call at (251) 942-3141 for more information or to view a property.
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Christine Slaughter is an associate real estate broker with Realty Executives of Gulf Shores, Alabama. Originally from Australia (she moved to Alabama’s stunning coast nearly 30 years ago), her love of the sand, sun and seafood are deeply-rooted in her soul.
If you are looking to buy or sell along the Alabama coast (or Florida), you can reach Christine directly at (251) 942-3141 or email her at Christine@ChristineSlaughter.com.
Be sure to follow Christine online at ChristineSlaughter.com, on Twitter@ChristinesCoast or Facebook at ChristineSlaughterRealtor.
Let Christine help you catch the real estate wave in 2016!
